StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Free Report) in a report released on Monday. The firm issued a strong-buy rating on the credit services provider’s stock.
Manhattan Bridge Capital Stock Down 1.2 %
LOAN stock opened at $5.54 on Monday. Manhattan Bridge Capital has a 52-week low of $4.27 and a 52-week high of $5.90. The stock has a market cap of $63.37 million, a price-to-earnings ratio of 11.08 and a beta of 0.58. The business has a fifty day moving average of $5.32 and a two-hundred day moving average of $5.23.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last issued its quarterly earnings data on Monday, July 22nd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%. The firm had revenue of $2.44 million during the quarter.
Manhattan Bridge Capital Announces Dividend
Institutional Trading of Manhattan Bridge Capital
Several institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. boosted its position in shares of Manhattan Bridge Capital by 35.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider’s stock worth $120,000 after buying an additional 6,117 shares during the period. Renaissance Technologies LLC boosted its holdings in Manhattan Bridge Capital by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock valued at $963,000 after acquiring an additional 21,950 shares during the period. Waddell & Associates LLC grew its position in Manhattan Bridge Capital by 3.9% in the 2nd quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider’s stock valued at $396,000 after acquiring an additional 2,861 shares in the last quarter. Riversedge Advisors LLC acquired a new position in Manhattan Bridge Capital in the 2nd quarter valued at about $68,000. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in Manhattan Bridge Capital during the second quarter worth about $436,000. Institutional investors and hedge funds own 21.84% of the company’s stock.
About Manhattan Bridge Capital
Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.
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